Nomura sees 60% chance of BSP rate hikes

MANILA, Philippines – There is a 60-percent chance that the Bangko Sentral ng Pilipinas (BSP) will raise interest rates this year as surging oil prices tied to the conflict in the Middle East fuel inflation, Nomura said, warning that the Philippines could face one of the region’s sharpest stagflationary shocks. In a note to clients,